Baessler, Laura; Gebhardt, Georg; Gropp, Reint; … - Leibniz-Institut für Wirtschaftsforschung Halle - 2024
We investigate whether employees in Germany benefit from public bank guarantees in terms of employment probability and … wages. To that end, we exploit the removal of public bank guarantees in Germany in 2001 as a quasi-natural experiment. Our … results show that bank guarantees lead to higher employment, but lower wage prospects for employees after working in affected …